Investors' Soapbox AM

A Long View on Short-Line Rails

WE REITERATE AN attractive view on freight -- rails in particular. We like freight stocks as a way to play the economic recovery. Moreover, we prefer to own stories where we see positive cyclical and secular trends.

With this view in mind, rails remain our top, long-term pick in freight. Rail stocks are trading at reasonable valuations on earnings and earnings before interest, taxes, depreciation and...